US$65b fund injection to boost liquidity
Print Edition
CHINA’S central bank has stepped up its efforts to pump more cash into its banking system with a US$65 billion fund injection.
The central bank injected around 400 billion yuan (US$65 billion) on Wednesday into the interbank market where banks borrow from each other, Dow Jones Newswires reported yesterday. It came after an earlier 500 billion yuan injection into the country’s five biggest state-owned banks in September through a tool to manage short-term liquidity.
The latest fund injection has not been made public by the central bank for fear that the market might read it as a strong signal of a broad monetary easing, Dow said.
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